Overview
- On his BBC Sounds podcast this week, Martin Lewis fielded a 49-year-old listener’s question about what to tackle as they turn 50.
- He urged a review of mortgage arrangements, noting lender rules vary on terms extending beyond state pension age and may justify using a broker.
- He advised checking pension provision, with eligibility for free one‑to‑one Pensionwise guidance beginning at age 50.
- He said level term life insurance generally gets pricier the longer you wait, citing a common benchmark of roughly 10 times the highest earner’s income.
- He noted private medical insurance premiums rise sharply with age and are reviewed annually, limiting options to control increases.